TORONTO, ONTARIO ‐ October 9, 2014 – Invenio Resources Corp., (“Invenio” or the “Company”), (TSX.V: IVO), is pleased to announce that two new Directors will be joining the Company. Effective immediately Andrew Male and Jeff Stevens will join the Board of Directors of Invenio.
In conjunction with the new additions to the Board of Directors, Andrew Male will take the role of President and Chief Executive Officer. Jeff Stevens will take the role of Vice President Corporate Finance.
Mr. Male is a Director and Officer of Maxim Resources Inc., a TSX Venture Exchange listed oil and gas issuer with oil and gas exploration and production assets in the Kingdom of Morocco. Mr. Male was recently also the President, CEO and Director of a TSX Venture Exchange mining issuer. During his tenure Mr. Male pivoted the company to a new mineral focus, completed a mining claim acquisition package, raised $6.0m in private placements, commenced mining operations, secured a multi‐million dollar joint venture partner and the acquisition of adjacent producing mines. This company was also listed as a TSX‐V Top 50 Issuer. Mr. Male has also acted as an acquisition advisor to European listed issuers as well as providing finance and management consulting services for numerous other listed and private issuers.
Mr. Stevens has recently left a senior role at the institutional finance desk for a Canadian brokerage firm. Licensed as a Canadian and US Broker, Mr. Stevens completed numerous corporate financings on behalf of clients in both North America and Europe. Previously to that Mr. Stevens was Head of rading and Head of Institutional Sales for two other Canadian brokerage firms.
Allan Williams, Chairman of the Board commented; “Our Board is very happy to welcome Mr. Male and Mr. Stevens to Invenio. We look forward to their ideas and energy. Invenio is in a transformational state at this time and with the additions to the Board and Management Invenio will have a new energy that begins to reshape the company.”
The Board of Directors has also resolved to constitute an Advisory Board. To this note Allan Marter has resigned from the Board of Directors and will be the initial member of the Advisory Board. We would like to thank Mr. Marter for his time on the Board and we look forward to continuing to work with him in the future.
To effect the changes noted above Allan Williams has also resigned from the position of interim President but will continue in his role as Chairman and Director.
Invenio is a mining and resource issuer based in Vancouver, Canada. The Company will be focused on identifying assets and opportunities that meet the following criteria, production, near term production, enhanced exploration and special situations demonstrating a potential unique growth.
Issued on behalf of the Board of Directors of Invenio Resources Corp.
Allan Williams, Chairman
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. This news release may contain certain forward‐looking information. All statements included herein, other than statements of historical fact, is forward‐looking information and such information involves various risks and uncertainties. There can be no assurance that such information will prove to be accurate, and actual results and future events could differ materially from those anticipated in such information. A description of assumptions used to develop such forward‐looking information and a description of risk factors that may cause actual results to differ materially from forward‐looking information can be found in the company's disclosure documents on the SEDAR website at www.sedar.com. The company does not undertake to update any forward‐looking information except in accordance with applicable securities laws.